Question

find the compound interest and amount for each of the following :
a) P- 14000 R-6.5 T-2 years ​

Answer 1

A = p(1+r/100)^t

given

p = 14000

R = 6.5

T = 2year

A = 14000(1+6.5/100)^2

A= 14000*(106.5)^2/10000

A= 1.4*(106.5)^2

A= 1.4 * 11342.5

A = 15879.15

Ci = A - p

Compound interest = 15879.5 - 14000= 1879.15

Answer 2

PLEASE HAVE A LOOK AT THE ATTACHMENT